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Post by Companion Cube on Feb 21, 2021 10:32:09 GMT
Can anyone work out how much cash is in the access accounts in comparison to when the previous 2 distributions took place. One would envisage we might be due another 20% distribution before or just after month end. A good question. I have wondered how much of the 2 distributions just got paid back in at 0.1% straight away, to claim a 0.1% bonus. Technically the distribution could be repeated in that case as the cash would still be in the QAA . I suspect that this reinvesting will keep happening at some level (assuming it does happen) until the sellers at 0.1% dries up and the invest queue becomes too long to not be earning interest and hence not be worth it.
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ian
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Post by ian on Feb 21, 2021 11:43:34 GMT
Can anyone work out how much cash is in the access accounts in comparison to when the previous 2 distributions took place. One would envisage we might be due another 20% distribution before or just after month end.Last time you said that it turned out to be prophetic. Question - how much cash is held in the AA accounts today in comparison to last week. Can we anticipate another 10% payout ... ? Have the Gods spoken to you again? Not exactly however if the surplus cash is in excess of £10m it is only fair and reasonable to expect the excess to be returned to investors. The level of transparency is appalling. Fair Dos when the access accounts were doing ‘what they says on the tin’, however given they don’t management should provide investors with a detailed break down of cash :- reserved for tranches & surplus and available for distribution. The non disclosure of such info and retention of our cash contravenes the Terms and conditions which state loans are the property of investors - capital redeemed & interest received via the access accounts is therefore the property of the individual investor - and should be returned on request.
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sl75
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Post by sl75 on Feb 25, 2021 22:39:56 GMT
I have wondered how much of the 2 distributions just got paid back in at 0.1% straight away, to claim a 0.1% bonus. Technically the distribution could be repeated in that case as the cash would still be in the QAA . I suspect that this reinvesting will keep happening at some level (assuming it does happen) until the sellers at 0.1% dries up and the invest queue becomes too long to not be earning interest and hence not be worth it. No... any money "paid back in at 0.1%" doesn't go as cash into the QAA, it funds someone else's withdrawal.
While there are still pending withdrawals, any money "paid in" by an investor has a net zero effect on the cash actually in the account.
There is a mechanism where the distributions can end up back as available cash in the access accounts... that's where the investor(s) transfer the received money into the MLA, and then use it to buy loan parts that the access accounts are selling.
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rscal
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Post by rscal on Feb 26, 2021 16:30:34 GMT
Suddenly popped up from 0/0.2 to 0.29/0.89 today
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cb25
Posts: 3,528
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Post by cb25 on Feb 26, 2021 16:50:45 GMT
Suddenly popped up from 0/0.2 to 0.29/0.89 today I suspect AC's email that explained the Marketplace and suggested "withdrawing at the current discount rate of 0.2%" prompted a rash of selling, which took invest orders off the marketplace (as they got matched). Rates to buy/sell £1K currently 0.1/0.99
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rscal
Posts: 985
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Post by rscal on Feb 26, 2021 18:27:27 GMT
Suddenly popped up from 0/0.2 to 0.29/0.89 today I suspect AC's email that explained the Marketplace and suggested "withdrawing at the current discount rate of 0.2%" prompted a rash of selling, which took invest orders off the marketplace (as they got matched). Rates to buy/sell £1K currently 0.1/0.99 You mean the 'punters' hadn't worked out how to check the exit discount periodically before now?? (It was 0.1% at least part of yesterday)
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Post by Ton ⓉⓞⓃ on Mar 1, 2021 21:33:39 GMT
We've just had interest payments earlier today going into these a/c's. I've noticed that the prices bought varied from 0.00% to 0.5% discount
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ian
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Post by ian on Mar 7, 2021 7:12:49 GMT
Having just withdrawn £20k @ 0.1% the thought has crossed my mind that this is now just the new fee for instant withdrawals. What is more plausible that my withdrawal was matched by a new investor or the distribution was made from surplus cash. With a minimum bid to offer 0.1%.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
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Post by ilmoro on Mar 7, 2021 9:31:18 GMT
Having just withdrawn £20k @ 0.1% the thought has crossed my mind that this is now just the new few for instant withdrawals. What is more plausible that my withdrawal was matched by a new investor or the distribution was made from surplus cash. With a minimum bid to offer 0.1%. Multiple investors setting buy orders at 0.1% to deploy funds?
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ian
Posts: 342
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Post by ian on Mar 7, 2021 9:39:35 GMT
Having just withdrawn £20k @ 0.1% the thought has crossed my mind that this is now just the new few for instant withdrawals. What is more plausible that my withdrawal was matched by a new investor or the distribution was made from surplus cash. With a minimum bid to offer 0.1%. Multiple investors setting buy orders at 0.1% to deploy funds? Prior to withdrawing in another account I looked at buying - no discounted purchases were available ? Could be queued purchases however I do believe there is commitment to 0.1% bid to offer particularly given you can’t activate a discount of 0.099% or below.
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Post by Badly Drawn Stickman on Mar 7, 2021 9:42:32 GMT
Having just withdrawn £20k @ 0.1% the thought has crossed my mind that this is now just the new few for instant withdrawals. What is more plausible that my withdrawal was matched by a new investor or the distribution was made from surplus cash. With a minimum bid to offer 0.1%. Multiple investors setting buy orders at 0.1% to deploy funds? Russian state involvement to destabalise the financial infrastructure is far more plausible.
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ashtondav
Member of DD Central
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Post by ashtondav on Mar 7, 2021 11:42:44 GMT
£10 to release £10,000?
That’s as near to instant access as makes no difference. It shows there is real solid demand for this product, if only AC could announce the new “normal”.
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lobster
Member of DD Central
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Post by lobster on Mar 7, 2021 15:16:16 GMT
Hi all, just wondering if I can check something with people around here who are clearly a lot more knowledgeable than me  . I have a lump sum invested in the QAA, but when I view the actual holdings, the sum only comes to about 84% of my total lump sum investment. Does that mean that 16% is just held as free cash , and if so is this a good thing ? ie does the 16% contribute to the PF ? Also does the free cash % vary a lot from day to day ? Thanks in advance. |
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dead-money
Rocket to the Moon
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Post by dead-money on Mar 7, 2021 16:09:50 GMT
Hi all, just wondering if I can check something with people around here who are clearly a lot more knowledgeable than me . I have a lump sum invested in the QAA, but when I view the actual holdings, the sum only comes to about 84% of my total lump sum investment. Does that mean that 16% is just held as free cash , and if so is this a good thing ? ie does the 16% contribute to the PF ? Also does the free cash % vary a lot from day to day ? Thanks in advance. Cash is required to fund future tranches, it's distinct from the provision fund.
The provision fund grows from the difference between borrower interest received, minus lender fee and the interest paid to lenders.
Hence, the grumblings about the lender fee still been in place and continuing to divert cash from our benefit to AC's benefit.
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iRobot
Member of DD Central
Posts: 1,680
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Post by iRobot on Mar 7, 2021 17:12:03 GMT
Hi all, just wondering if I can check something with people around here who are clearly a lot more knowledgeable than me . I have a lump sum invested in the QAA, but when I view the actual holdings, the sum only comes to about 84% of my total lump sum investment. Does that mean that 16% is just held as free cash , and if so is this a good thing ? ie does the 16% contribute to the PF ? Also does the free cash % vary a lot from day to day ?
Thanks in advance. Personally, I neither know nor care, so long as that 'free cash' is earning interest. (Which it is.) 
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